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[quote=Anonymous]Get an understanding of what you make, your taxable income, and what that means for your income tax rates (marginal and effective). Use the tax code to your advantage when you look at 401 and IRA choices. If you don't have the money to fully fund a 401k, an IRA, and an emergency account - put your emergency savings in a Roth IRA (conservative - like cd or savings rate, not necessarily invested). If you need it, you can take out the contributions any time without tax. If you dont need it or you save more later the money is already in the Roth for your retirement and you won't EVER have to pay tax on it or the earnings.[/quote]
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